It seems like I keep repeating myself but we are rapidly moving towards a tokenized world. Each day, I am finding more things that appear to incentivize different behaviors.
Want To Get Paid To Exercise????
The latest discovery is a token called Sweatcoin. This is a token that was designed to track the number of steps you take each day. It appears that it is meant to get one outside walking since it uses the GPS on your phone. However, I did read/hear about people who got it to work walking around an apartment. Hence, I am going to hypothesize that this will not work on the treadmill at the gym.
From what I can see, this looks like a private entity as opposed to a public one. According to an article in Techcrunch, the company did raise $5.7M in capital which it plans to use for expansion.
Another thing, it seems that the free version limits one to 5 Sweatcoins per day. There is a way to take some of those tokens and upgrade. All tokens earned are used to redeem for different products they have on their site.
Here is the techcrunch article:
https://techcrunch.com/2018/01/17/sweatcoin-lets-you-earn-crypto-for-working-out/
This is not a traded token listen on Coinmarketcap. However, it could be a way to motivate yourself sum while also working towards a new exercise outfit.
As for the future plans, who knows, perhaps they have an ICO in the works.
This is just another example of what I was referring to when I started mentioning Cryptocurrency 2.0. We are seeing the onset of a new model in which people are incentivized to do most anything. Realistically, the possibilities are limited to whatever one can think of.
We are witnessing the future unfold before our eyes.
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